I think I'm missing something. Thus far, I haven't worried much about loans. But, everyone else seems to be.
I'll need to take out about 60k in loans since, thus far, no one is giving me any money. Assuming that interest is around 7%, and the repayment term is 10 years, my monthly payments would be about $700, i.e. a car payment. The loan calculators suggest that I'd need a salary of 83k to comfortably pay it back.
I don't think it's unreasonable to think I'll make that much my first year out of school. I make more than that now. So, 10 years and my debt is paid off. Is there some major issue I'm missing here? I see so much worry about student loan debt that I feel like I must be missing something.
You and I must drive vastly different vehicles...heh.
Do you have any links to loan calculators? I'm really struggling with these money decisions right now.